Capital Markets 2.0 - Fixing the Bitcoin Market's fragile infrastructure
Guest:
Hugo Renaudin
Why you should listen:
The Bitcoin and crypto markets have a fascinating market infrastructure that is potentially revolutionary, and a vital part of the capital markets 2.0. However, there are serious problems with Bitcoin's market infrastructure due to the centralization of existing trading platforms. These problems surfaced on Black Thursday, March 12, when the global markets crash triggered a wave of liquidations that could have sent BTC to zero on Bitmex.
Key takeaway:
Volatility is a natural part of markets but the potential for volatility remains extreme in the crypto markets. The current financial crisis means that the months and years ahead are a make or break time for Bitcoin and the digital asset space. Bitcoin emerged out of the 2008 financial crisis and it now has the potential to establish itself in the current COVID-19 economic crisis. Bitcoin is not controlled by governments, it has a fixed supply, limited inflation, and it is decentralized. That makes Bitcoin uniquely positioned as a hedge when central banks are forced to inject new fiat into the system.
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OhNoCrypto
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Andy Pickering, Khareem Sudlow